01 May Founders Bank President & CEO Speaks About FDIC Insurance
Founders Bank is an FDIC insured institution. Customers are afforded FDIC insurance based on the ownership of accounts held at the bank. The FDIC offers the following website to assist consumers and businesses the ability to best structure their account: https://edie.fdic.gov/calculator.html
Founders Bank also offers an easy method to extend FDIC insurance coverage to balances that exceed traditional limits. IntraFi Network™ Deposits (formerly known as ICS© and CDARS© deposit products) is a smart, secure, and convenient way to safeguard large deposits placed into a money market or CD. Since Founders Bank is a member of a special network called the IntraFi Network™, we are able to provide you with the safety and convenience that comes with access to multi-million-dollar FDIC insurance (up to $150 million for a single Tax ID) through just one bank relationship. Interest can be earned on funds placed through IntraFI Network™ Deposits into money market deposit accounts or with CD placements, where you can choose from multiple term options to meet your liquidity needs. Contact 202-792-1610 or your Founders Bank representative for additional information regarding extended FDIC coverage. Member FDIC